posted by mark
on Fri, 12/06/2019 - 10:44
“In terms of becoming a professional investor, one, I would say most people don’t need to. You can learn to be a very good investor and invest very profitably over your whole life without doing this professionally. Everybody needs to handle their retirement accounts and their savings accounts. These are very useful skills for everybody including just knowing you don’t want to be an active investor, and a very smart decision is for a lot of people to say I’m not going to try to pick individual stocks and bonds. I’m going to go into index funds and you’re guaranteed to outperform more than half the professional money managers in the world if you just do that.”
- Kenneth Shubin Stein, Portfolio Manager, Spencer Capital Management
